October 3, 2023
mayank
LIC MF Banking & Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 19.2388
NAV IDCW: Rs 19.1194
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation from a portfolio that invested substantially in equity and equity related securities of companies engaged in banking and financial services sector.
Fund Manager:
1) Jaiprakash Toshniwal
Education : Mr. Toshniwal is a CFA – CFA Institute, USA. MS Finance (CFA) – ICFAI, India. B.com – Gujarat University.
Experience : Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs | 500 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption Within 90 days |
Basic Details of LIC MF Banking & Financial Services Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 27-Mar-15 |
| Return Since Launch | 7.73% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 284 Cr |
| (As on 31-Aug-2023) | |
| Expense | 1.54% |
| (As on 31-Aug-2023) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 65.00% |
LIC MF Banking & Financial Services Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Banking & Fin Srvices Dir | 10.66 | 0.45 | 0.77 | 2.93 | 18.85 | 22.58 | 25.78 | 13.13 | 9.32 | — |
| S&P BSE Bankex TRI | 3.46 | 0.67 | 1.63 | -0.42 | 9.92 | 14.52 | 28.08 | 12.87 | 12.99 | — |
| Equity: Sectoral-Banking | 10.88 | 0.23 | 2.45 | 3.63 | 17.95 | 21.48 | 27.71 | 14.59 | 13.17 | — |
| Rank within category | 9 | 3 | 19 | 13 | 9 | 10 | 9 | 9 | 11 | — |
| Number of funds in category | 18 | 22 | 22 | 20 | 19 | 18 | 12 | 11 | 11 | 7 |
LIC MF Banking & Financial Services Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| LIC MF Banking & Fin Srvices Dir | 2 star | 22.58 | 25.78 | 13.13 | 1.54 | 284 | 7.73 | — | 8Y 6M | 65.00 |
| ICICI Pru Banking & Fin Srvces Dir | 4 star | 21.12 | 27.51 | 13.88 | 1.03 | 6,740 | 15.56 | 1.00 (15) | 10Y 9M | 46.00 |
| Nippon Ind Banking & Fin Srvices Dir | 4 star | 27.96 | 34.83 | 14.70 | 1.16 | 4,487 | 13.96 | 1.00 (30) | 10Y 9M | 37.00 |
| Tata Banking & Fin Srvcs Dir | 4 star | 31.71 | 27.72 | 17.20 | 0.54 | 1,652 | 18.32 | 0.25 (30) | 7Y 9M | 21.26 |
| Sundaram Fin Srvices Opp Dir | 5 star | 34.40 | 31.84 | 18.44 | 0.90 | 831 | 13.78 | 1.00 (365) | 10Y 9M | 60.00 |
Portfolio Analysis of LIC MF Banking & Financial Services Fund
| No. of Stocks | 20 |
| Top 10 Stocks | 76.60% |
| Top 5 Stocks | 60.60% |
| Top 3 Sectors | 93.75% |
| Portfolio P/B Ratio | 2.12 |
| Portfolio P/E Ratio | 15.07 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,56,411 | 2,66,652 |
| Giant (%) | 59.04 | 63.81 |
| Large (%) | 3.37 | 18.94 |
| Mid (%) | 29.76 | 14.17 |
| Small (%) | 7.83 | 5.74 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For LIC MF Banking & Financial Services Fund
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://www.licmf.com/fund-overview/All
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